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<br /> Unless othcrwisc agrecd in writing,�dl insuruna:prcxccds shall hc applicd t��thc restoruti�.m or rcpair of thc Property
<br /> or to thc Securcd I)chl,whcthcr or not thcn duc,at l.cndcr's option.Any upplication of procceds to principal sht�ll not ••
<br /> � extend or postponc the duc date of thc scheduled pnyment nor changc the nmount af any payment.Any excesc will he '-
<br /> �id to thc Grantor. lf thc Pro �rt is ac uircd b I.c;ndcr, Grantor's ri h� to an insurancc olicics and rocceds '''
<br /> ^ P� P' Y �• � Y E Y P P
<br /> resulting frem dumugc to thc Prorn:rty betore the acquisition shall pass to Lcnder to thc cxtent of thc Securcd Debt ���
<br /> " immcdiatcly heforc thc iicquisition. -
<br /> 20. ESCROW FOR TAXFS ANU INSl1itANC�.Unlcss othcrwisc providcd in .i scparatc ugrecment,Ciranwr will nc�t �
<br /> • � "'"�.' ?�� be required to pay to L.cnder funds for taxes and insurnnce in escrow. �`��
<br /> 21. FINANCIAI.REPORTS AND ADDITIANAL DOCUMENfS.Grantor will providc to Lcndcr upon rcqucst,any E.,. -
<br /> . ;,�" linancial stutemcnt or information Lendcr may dccm rcasonably ncecssary. Grantor agrces ta sign,dclivcr,and filc =
<br /> any additional documents or certi�cations that Lender may consider necessary to perfect,continue,and preserve —_-
<br /> Grantor's abligations under this Security Instrument and I.ender's lien status on the Property. =-
<br /> � . 22. JOINT AND INDIVIDUAI. LIABILITY; CO-SIGNER3; SUCCESSORS AND ASSIGNS IiOUND. All dutics �
<br /> under this Security Instrument are jaint and individual. If Grantor signs this Security Instrument but does not sign an
<br /> r evidence of debt.Grantor does so only to mortgage Grantor's interest in thc Property to securc paymcnt of thc
<br /> ti' Secured Debt and Grantor docs not agree to be personally liable on the Securcd Debt. If this Securiry Instrumcnt
<br /> " secures a guaranty betwecn Lender and Grantor, Grantor agrees to waive any rights that may prcvent Lendcr from __
<br /> �, bringing any Action or claim against Grantor or any party indebted under the obligation.These rights may include,but '-
<br /> A are not limited to,any anti-de�ciency or one-action laws.Grantor agrees that L.ender and any pany to this Security _
<br />- • 3'.' Instrument may extend.modify or make any change in the tcrms of this Security Instrument or any evidcnce of deht _
<br /> , without Grantor's consent. Such a change will not release Grantor from the terms of this Security Instrument.The �
<br />� , duties and benefits of this Security Instrument shall bind and bene�t the successors and assigns of Grantor and L.ender.
<br /> 23. APPLICABLE LAW;SEVERABILITY;IM'ERPRCTATION.This Security Instrument is govcrned by the laws of �
<br /> ;,� the jurisdiction in which Lender is located, except to the extent otherwise required by the laws of the jurisdiction --
<br /> where the Property is located.This Security Instrument is complete and fully integrated.This Security Instrument may —
<br />- •• not be amcnded or modified by oral agreement. Any section in this Security Instrument,attachments, or any —
<br /> agreement related to the Secured Debt that conflicts with applicable law will not be effectiv�,unless that law expressly -
<br /> . or implicdly permits the variations by written agreerrtcnt.If any section of this Security Instrument c�nnot be enforced �
<br /> according to its terms,that section will bc severed and will not affect thc enforceability of the rcmainder of this
<br /> Security Instrument.Whenevcr used,the sineular shall includc the plura!and the rin*�(thc�cingular.Thc cartinnc and
<br /> , ,� headings of the sections of this Security lnstrument are for convenience only and are not to be used to interpret or
<br /> __,____._ deFine the terms�f fhis Cecurity InstrumPnt.Tim�ic n(t�f�('CCPQf•N_ 1�t�2C CP(`It�'�fV III�IT�!lI1CSI�. —
<br /> , 24. SUCCESSOR TRUSTEE. Lender, at Lcnder's option,may from time to ti�ne remove Trustee and appoint a
<br /> successor trustee without any other formality than the dc:signation in writing. The successor trustee, without
<br />;•.. . conveyancc of the Praperty,shall succeed to all thc title,power and duties conferred upon Trustee by this Security
<br /> - . Insttument and applicable law.
<br />� � � 25. NOTICE.Unless otherwise required by law,any notice shall be given by delivering it or by mailing it by first class
<br />�: .
<br /> _" mail to the appropriatc party's address on pa�e 1 of this Security Instrument,or to any other address designated in
<br />= -� writing.Notice to on:,grantor will be deemed to be notice to all grantors.
<br /> = • `' 26. WANERS.Except to the extent prohibited by law,Grantor waives all appraisement and homestead exemption rights
<br />-x• relating to the Property.
<br />_ � 27. OTNER TERMS.If cher.ked,the following are applicable to this Security Instrument:
<br />_ . $X Ltne ot Credit.The Securcd Debt includes a revolving line of credit provision.Although the Se�ured Debt
<br />-, . " may be reduced to a zero balance,this Security Instrument will remain in effect until released.
<br />_ - � ' ❑ Constructlon Loan. This Security Instrument secures an obligation incurred for the consttuction of an
<br /> ' ' '" ' improvement on the Property.
<br /> ❑ Fixture Filing. Grantor grants to Lender a sccurity interest in all goods that Grantor owns now or in the
<br /> . futurc and that are or will b�come fixtures related to the Property. This Sccurity Instrument suffices as a � �
<br /> , financing statement and any carhon,photcgraphic or other reproduction may be filed of record for purposes =
<br /> ` • of Articte 9 of the Uniform Commcrcial Code. �'
<br /> �?' .__.. ❑ Ridere.The covenants and agreements of eacl�of thc riders checked below are incorporated into and -_.
<br />- �" supplement and amend the terms of this Sccurity Instrument.�Check all applicable boxesJ =
<br /> ❑Condominium Ridcr ❑Planned Unit Dcvclopment Ridcr ❑Othcr °�-
<br /> .......................................................... �....-
<br /> ❑ Additionnl Terms. -
<br /> • SIGNATURES:By signing belo�v,Grantor agrees to the terms and wvenants contained in this Security[nstrument and in
<br /> any attachments.Grantor also ac nowledges receipt of a copy of this Sccurity Instrumcnt on thc date stated on page 1.
<br /> ,� � 12/23/97 ��r S ��_ 12/23/97
<br /> � ......... . ...... .......... ........................................................... ..........t.... ................... .. .... ............,,............... ....
<br /> (Sig r JEFF L SCHULTZ (I)are) (Signaturc KARF.N 5 SCHUi.T7. (Datc)
<br /> . . _ � . , – .
<br /> ; ACKNOWL�DGMENT:NEBRASKA HALL
<br /> STATEOF..............................................................COl�NT yOF..................... {ss.
<br /> �i�a�„����:�u Thi�' svtUt1�•.AI w• • ktt 1.�i*.�`i},��`, , � . 23 RD day of........17�'CEM��l7............i.9.97.
<br /> h 7� L SGtIULTI ��`�AAES��`SC�I`1Li'Z, AUS�A� ��'J(PE:................ ......................................
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<br /> I My commission cxpires•
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<br /> i �s�:�i II GEHERAL NOTARY•Sl�ie ol Neb��sk� .............. .. ....�..... . . ...........................................................
<br /> � IAIIRK E.KERSTEN lNulary Nut,lit)
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